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Federal Direct Grad PLUS Loans

Federal Direct Grad PLUS loans are credit-based loans available to eligible law and graduate students enrolled in an eligible degree or certificate program on at least a half-time basis (six credit hours per term).

Students interested in applying for a Federal Direct Grad PLUS Loan must complete:

1. The Free Application for Federal Student Aid for the appropriate school year.

2. The Federal Direct Grad PLUS Loan for the appropriate year:

These applications must be submitted at least six weeks prior to the start of the term for Direct Loan funding to be available by the time classes begin.

The maximum annual loan is determined by the cost of attendance, as established by the Financial Aid Office, minus any other financial assistance that the student will receive.

Interest rates are set by the federal government every July 1st for the following year. The interest rate for loans disbursed on or after July 1, 2019, and before June 30, 2020, is 7.08%. All loans disbursed on or after October 1, 2019, will have an orignation fee of 4.236% deducted from the amount borrowed. 

Upon receipt of the appropriate application materials, the Financial Aid Office will determine the loan eligibility and originate the loan. A credit check will determine your eligibility for this loan. New borrowers must complete Loan Entrance Counseling and sign a Grad PLUS Master Promissory Note. Both can be completed at

Your loan will not disburse until a Master Promissory Note has been signed. Academic year Grad PLUS loans are disbursed one half each semester, at the beginning of each semester, by a direct credit to your account. For summer session and single term loans, one disbursement is made at the beginning of the term.

Federal Direct Loans

Before applying for the PLUS loan, consider applying for the Federal Direct Subsidized and Unsubsidized Loans, as the terms are better.

Contact the Office of Financial Aid

(804) 289-8438
Fax: (804) 484-1650
Queally Center, Suite 214
142 UR Drive
University of Richmond, VA 23173

Open weekdays, 8:30 a.m.–5 p.m.

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